Open Demo Account
Home / Market Update / Cryptocurrency / Bitcoin Rises Nearing $49,600

Bitcoin Rises Nearing $49,600

M. Ali 24 February, 2021 11:11 pm Cryptocurrency, Market Update

Bitcoin returned to gains on Wednesday, following a steep decline on Tuesday that erased all of its weekly gains.

The world’s largest cryptocurrency is up by 4.67% at $49,580.6, reducing its losses during the past seven days to 3.34%.

Earlier today, the digital currency exceeded the $50,000 level.

Square, a U.S.-based financial services company listed on the New York Stock Exchange (NYSE), announced on Tuesday that it has purchased around $170 million worth of Bitcoin, buying 3,318 Bitcoins at an average price of $51,235.

Tags

Check Also

XAU/USD Under Pressure as Dollar Strengthens

Gold prices are currently facing headwinds, trading below $2,600 per ounce. This decline coincides with …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends